Insider Selling: TriNet Group, Inc. (NYSE:TNET) Director Sells $32,336.25 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $84.03 on Monday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 16.19 and a beta of 1.20. The business has a 50 day moving average price of $95.46 and a 200 day moving average price of $100.99. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. TriNet Group’s payout ratio is 19.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TNET shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. TD Cowen cut their price target on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.20.

Hedge Funds Weigh In On TriNet Group

Several large investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new position in shares of TriNet Group during the second quarter valued at about $45,000. Blue Trust Inc. lifted its position in shares of TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares during the period. LRI Investments LLC bought a new stake in shares of TriNet Group in the 1st quarter worth approximately $81,000. Avion Wealth grew its holdings in shares of TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after purchasing an additional 129 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of TriNet Group during the second quarter valued at approximately $93,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.